Huaneng Power International Inc. (NYSE:HNP)’s share price traded down 1.7% during mid-day trading on Wednesday . The stock traded as low as $23.60 and last traded at $23.89, with a volume of 71,092 shares trading hands. The stock had previously closed at $24.31.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Huaneng Power International from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 29th. Macquarie cut Huaneng Power International from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 31st. Citigroup Inc. cut Huaneng Power International from a “buy” rating to a “sell” rating in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. cut Huaneng Power International from an “overweight” rating to an “underweight” rating in a report on Monday, April 11th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

The firm has a 50-day moving average price of $26.58 and a 200-day moving average price of $31.06. The firm has a market capitalization of $9.11 billion and a P/E ratio of 4.61.

The company also recently disclosed a dividend, which was paid on Wednesday, June 29th. Investors of record on Wednesday, June 29th were given a $2.564 dividend. The ex-dividend date of this dividend was Monday, June 27th.

A hedge fund recently raised its stake in Huaneng Power International stock. Morgan Stanley increased its position in shares of Huaneng Power International Inc. (NYSE:HNP) by 66.4% during the fourth quarter, Holdings Channel reports. The fund owned 56,200 shares of the company’s stock after buying an additional 22,431 shares during the period. Morgan Stanley’s holdings in Huaneng Power International were worth $1,928,000 as of its most recent filing with the SEC.

Huaneng Power International, Inc (Huaneng Power) is an independent power producer. The principal activities of the Company are investment, construction, operation and management of power plants. The Company is engaged in developing, constructing, operating and managing power plants throughout China. The Company’s segments include PRC power segment, Singapore segment and all other segments (mainly including port and transportation operations).

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